Archive for February 2015

Worldwide Facilities Inc. has hired Craig Day and Brian Donovan in its Seattle, Wash. Office. Day was named senior vice president, and casualty specialist. He will lead the growth for all lines of business in the Northwest, and his focus … The article Worldwide Taps Day and Donovan in Washington Office appeared first on Insurance…

Federal investigators will examine whether pressurized gas played a role in the massive blast that followed the derailment of a train carrying crude oil through West Virginia this week, the U.S. Transportation Department said on Thursday. Questioning the possible role … The article Gas Vapor Possible Factor in West Virginia Oil Train Fireball appeared first…

The drive from Ken Mercer’s home in Tennessee to the oil fields of western North Dakota takes 20 hours if you drive straight through. Every month, Mercer, an Army veteran who served in Iraq, would make the trip as part … The article Energy Workers at Loose Ends after Drop in Crude Prices appeared first…

The agency responsible for managing the federal flood insurance program has made progress in carrying out key changes mandated by Congress in two recent laws but lacks resources and data to completely implement others, a government report says. For instance, … The article FEMA Shows Some Progress Implementing Flood Insurance Changes: GAO appeared first on…

By Amy O’ Connor Those now running comparison insurance shopping websites believe that they could be helped if Google enters into the business because the giant search engine could draw more attention to buying insurance online. However, they also believe Google would face the … The article Google to Face Same Obstacles Selling Insurance Online,…

A.M. Best has commented that the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Fairfax Financial Holdings Limited are unchanged following the announcement that Fairfax is expanding its global presence by acquiring Brit … The article Best Sees No Ratings Changes for Fairfax from Brit Acquistion appeared first…

Fairfax Financial Holdings Ltd.’s Prem Watsa, who said this week that issuing stock was one of his last options for financing the purchase of Brit plc, opted days later to sell shares and guard his company’s credit rating. Watsa, Fairfax’s … The article Fairfax to Sell Shares for Brit Acquisition to Protect Credit Rating appeared…

Two severe tropical cyclones that lashed Australia’s north and east coasts with destructive winds have been downgraded after hitting the mainland. No deaths or injuries have been reported in their wake. Cyclone Marcia has weakened two categories after crossing the … The article Australian Tropical Cyclones Weaken After Destructive Winds Hit Coast appeared first on…

A magnitude-4.3 earthquake rumbled under Washington state’s Cascade Range, but no damage has been reported. The Pacific Northwest Seismic Network says the quake struck at 1:04 a.m. Wednesday and was centered about 20 miles north of Ellensburg and 10 miles … The article Central Washington Jolted by M4.3 Earthquake appeared first on Insurance Journal. Read…